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Day: August 22, 2017
August 222017
EUR/USD Down During Quiet Trading as Dollar Recovers
The US dollar was rebounding against its rivals today. That led to the drop of EUR/USD currency pair, which basically erased yesterday’s gains. The disappointing eurozone economic sentiment was not helping the matter either. Meanwhile, US manufacturing was surprisingly robust this month, bolstering the greenback further. Overall, though, trading was quiet as traders were lying in wait for the Jackson Hole Symposium later this week. Richmond […]
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August 222017
Canadian Dollar Touches Highest Level in Three Weeks on Strong Retail Sales
The Canadian dollar rose against its US counterpart on Tuesday to touch the highest level in three weeks. The loonie also had broad gains against other major peers as Canadian core retail sales posted a strong increase in June, according to fresh data released today. Statistics Canada, the nationâs official statistical office, said earlier today in a report that retail sales edged 0.1% higher in June following a 0.5% increase […]
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August 222017
Canadian Dollar Touches Highest Level in Three Weeks on Strong Retail Sales
The Canadian dollar rose against its US counterpart on Tuesday to touch the highest level in three weeks. The loonie also had broad gains against other major peers as Canadian core retail sales posted a strong increase in June, according to fresh data released today. Statistics Canada, the nationâs official statistical office, said earlier today in a report that retail sales edged 0.1% higher in June following a 0.5% increase […]
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August 222017
GBP/USD Tests New Lows Despite Positive UK Public Finances Data
The GBP/USD currency pair today hit new lows despite the release of positive public sector finances data by the Office for National Statistics. The pair’s decline was further precipitated by the higher buying pressure around the US dollar even as political tensions in Washington DC abate. The currency pair lost about 100 points at the height of its decline, which started at the beginning of today’s session. The currency pair’s bearish trend started in the Asian session […]
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August 222017
GBP/USD Tests New Lows Despite Positive UK Public Finances Data
The GBP/USD currency pair today hit new lows despite the release of positive public sector finances data by the Office for National Statistics. The pair’s decline was further precipitated by the higher buying pressure around the US dollar even as political tensions in Washington DC abate. The currency pair lost about 100 points at the height of its decline, which started at the beginning of today’s session. The currency pair’s bearish trend started in the Asian session […]
Read more
August 222017
Swiss Franc Demonstrates Uninspiring Perfomance
The Swiss franc’s performance was not impressive today despite the widening trade balance surplus. The Swissie fell against the US dollar and was little changed against most other rivals. The Federal Statistical Office reported that Switzerland’s trade surplus widened from CHF 2.76 billion to CHF 3.51 billion in July. That was above the median forecast of CHF 2.88 billion. But it looks like market participants […]
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August 222017
Swiss Franc Demonstrates Uninspiring Perfomance
The Swiss franc’s performance was not impressive today despite the widening trade balance surplus. The Swissie fell against the US dollar and was little changed against most other rivals. The Federal Statistical Office reported that Switzerland’s trade surplus widened from CHF 2.76 billion to CHF 3.51 billion in July. That was above the median forecast of CHF 2.88 billion. But it looks like market participants […]
Read more
August 222017
EUR/USD Down After Economic Sentiment Disappoints
The euro fell against the US dollar today after the economic sentiment indicators for Germany and the whole eurozone disappointed. The currency fared better against most other rivals, even gaining on the vulnerable Great Britain pound. The ZEW Indicator of Economic Sentiment for Germany dropped from 17.5 to 10.0 in August, trailing the average forecast of 14.8. The eurozone sentiment indicator slid from 35.6 to 29.3, also falling below the analysts’ consensus estimate of 34.2. […]
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August 222017
EUR/USD Down After Economic Sentiment Disappoints
The euro fell against the US dollar today after the economic sentiment indicators for Germany and the whole eurozone disappointed. The currency fared better against most other rivals, even gaining on the vulnerable Great Britain pound. The ZEW Indicator of Economic Sentiment for Germany dropped from 17.5 to 10.0 in August, trailing the average forecast of 14.8. The eurozone sentiment indicator slid from 35.6 to 29.3, also falling below the analysts’ consensus estimate of 34.2. […]
Read more